- Headquarters
- Atlanta, Georgia
- Employees
- 501–1000
- Founded
- 2009
- Business Model
- B2B
- Website
- kabbage.com
- Total Funding
- $486.5M
- Last Round
- $250.0M Series FAug 2017
- Rounds
- 7
- Acquisition Date
- Apr 2020
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Kabbage was an Atlanta-based fintech company founded in 2009 by Rob Frohwein, Kathryn Petralia, and Marc Gorlin that pioneered automated small business lending using data analytics and real-time business data. The company built a data and technology platform that evaluated live business performance metrics to extend revolving lines of credit up to $250,000 to small businesses within minutes. In August 2020, American Express acquired Kabbage's team, technology platform, and IP for a reported ~$850 million. Amex rebranded the product as Kabbage from American Express, then retired the Kabbage brand in early 2023 with the launch of American Express Business Blueprint.
Summary
Kabbage is a Fintech company based in Atlanta, United States, founded in 2009. It has raised $486.5M in total across 7 rounds, most recently a $250.0M Series F round in Aug 2017. Investors include American Express Ventures, SoftBank and Reverence Capital Partners.
Tech & App Stack
1 technology or app tracked
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Funding & Exit History
Apr 2020
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Funding: Seed through Series F. Amounts, valuations, and investors where available.
Investors
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